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@article{ Kleinhempel2020, title = {The Changing Role of Social Capital During the Venture Creation Process: A Multilevel Study}, author = {Kleinhempel, Johannes and Beugelsdijk, Sjoerd and Klasing, Mariko J.}, journal = {Entrepreneurship Theory and Practice}, pages = {1-34}, year = {2020}, issn = {1540-6520}, doi = {https://doi.org/10.1177/1042258720913022}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-71260-3}, abstract = {We assess how social capital relates to individuals' initial interest in becoming an entrepreneur, formally setting up a venture, and subsequent survival of the venture. Conceptualizing and measuring entrepreneurship as a sequential process inferred from cross-sectional data for 22,878 individuals living in 110 regions across 22 European countries, we find that regional social capital is relevant for formally setting up a venture, but it is not associated with initial interest, nor with venture survival after establishment. By assuming variability and not uniformity in how social capital relates to entrepreneurship, we gain a better understanding of the contextual determinants of the venture creation process.}, keywords = {Unternehmertum; entrepreneurship; Sozialkapital; social capital; Unternehmer; entrepreneur; Unternehmerin; ; regionaler Unterschied; regional difference; Europa; Europe; vergleichende Forschung; comparative research; Regressionsanalyse; regression analysis; Unternehmensgründung; setting up a business; Mehrebenenanalyse; multi-level analysis; Querschnittuntersuchung; cross-sectional study}}